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Instances of fake GST registration have been reported in the last few months. The modus operandi for this involves using documents of another person and ob...
Under Section 61 of the CGST Act 2017, a proper officer can scrutinize a return and related particulars furnished by the registered person. This is done to...
The payment of the mandatory pre-deposit of 10% of the disputed amount of tax when filing an appeal under the GST tax system has long been a controversial...
The Central Board of Indirect Taxes and Customs (i.e., CBIC) has recently announced an increase in the goods and service tax rates (GST rates) on different...
The CBIC has issued instructions for GST field officers restricting input tax credits, stating that such ITC blocking should be based on "material proof" r...
Several decisions were made by the Goods and Services Tax (GST) Council during its 45th meeting held on September 17, 2021. One of the decisions is to limi...
Input Tax Credit refers to obtaining credit for the GST paid on purchases of goods and services utilized in the course of business. The Mechanism of Input...
The GST council established rules on how to keep records, send invoices, report purchases and sales, pay taxes, and file returns by GST registered business...
The importance of NBFCs, or Non-Banking Financial Companies, has increased in the Indian financ...
With the growing popularity of the investment instrument, Alternative Investment Funds (AIFs) h...
The Securities and Exchange Board of India (SEBI) has recently proposed a review of the categor...
The regulatory organizations in the recent years have focused more on efficiency, investor prot...
Non-banking finance companies (NBFCs) play a very important role in the Indian financial system...
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